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Whether you are a trader or a long-term investor, it is still necessary to consider the market position before buying. The cheaper you get, the bigger the chances of earning.In trading, traders only get a good profit during bull season but have difficulties during bear season. But investors get their timing during a bear season, not during a bull market.
Timing is only our chance to make a good profit in the crypto space. We used to take advantage of the volatile situation, and if we were doing any of the two blindly, I couldn't think of us to survive and succeed.
Bitcoin has lost almost 15% of its price in a week - so do you think this is the best timming to buy?
I am confident the market will recover soon - but it will take some time. The market has lost a lot of confidence lately which has made the sentiment negative - but I think this is only a temporary condition before the market recovers.
Without any real expert analysis - I think everyone can buy now with DCA strategy. The price is getting closer to $80K which was previously considered a strong support - but today a 5% drop in price makes many people start to doubt.